the open

Markets are lower on the heels of a crummy consumer confidence number (64.5 v consensus of 73.5) as the DJIA is -66, NAZ -6 and SPX -5. RUT/MID's doing a bit better than the big caps.

Strongest sectors- metals, ags, oil service, biotech, drugs and utils- while real estate, banks, telecom and homies lag.

Key stocks- 50/50 with MON MA V BG POT ICE CELG DECK RIMM higher and BAC LVS BIDU UA TIF MER AMZN GOOG WYNN lower;

NYSE/NAZ- FLAT internals;

NDX- 45 GREEN;

OEX- 35 GREEN;

IBD - 55 GREEN;

VIX- higher by 2%;

Down volume a hair more than Up volume;

A little sell off ok here in my opinion but keep an eye on the financials- note GS staying green and a bid to the banks/brokers will lead to a higher SPX which is now at/near the 50 SMA.

Just took a small trade to the long side - (day trade SSO). Looking for a quick flip maybe back to the unchanged line.